Report: TJX Putting Bob’s Stores on Block

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New York City TJX Cos. is reportedly in discussions to sell its money-losing Bob's Stores, Bloomberg reported on Friday, citing people with knowledge of the sale process.

TJX, whose brands in the United States include T.J. Maxx, Marshalls, HomeGoods and A.J. Wright, has benefited as shoppers look for cheaper alternatives. It posted a nearly 20% profit gain on a 6% increase in sales in its first quarter ended April 26.

The bulk of TJX’s sales come from T.J. Maxx and Marshalls. But Bob's Stores, which TJX acquired in bankruptcy in 2003, remains in a slump.